concurrent estates Flashcards
tenant in common
tenant may freely devise interest to anyone w/o affecting other tenants rights
joint tenancy
must say right of survivorship
JT unities
equal right to possession
equal share
receive interest at same time
receive interest from same doc
what if you dont mention right of survivorship?
creates a TIC
what happens if one joint tenant kills another?
murderer treated as predeceasing the victim
property to V’s heirs as FSA
tenancy by the entirety
does not require “right of survivorship” language
must be married at conveyance
what if one TBTE tries to encumber the property without the other spouse consent?
estoppel by deed
only applies between grantor and grantee
once they get divorced, bank lien has no effect on the spouse
what happens to the TBTE at divorce?
becomes tenancy in common
can one TBTE alienate or encumber the property without other spouse consent?
no